The Nigerian Ports Authority (NPA) on Thursday disclosed that revenue on imported cars into the country decreased by 20 per cent this year as the implementation of the Federal Government’s Automotive Policy continues to take huge toll on government’s revenue potential. The policy was introduced to encourage local car production and investments in assembly plants, […]
The House of Representatives today promised to pass the 2018 Appropriation Bill of N9.12trn tomorrow. May 15th. The Deputy Speaker of the House, Yusuf Lasun, who presided at today’s plenary, made the promise following the budget report presentation to the House by the Chairman, Committee on Appropriation, Hon. Mustapha Dawaki. The N9.12 trillion budget is […]
The House of Representatives today charged the Central Bank of Nigeria (CBN) to comply with provisions of its enabling Act in respect of the submission of its Annual Accounts to the National Assembly for assessment. Specifically, the green chamber challenged the apex bank on the provisions of Section 50(1) of the CBN Act which provides […]
The House of Representatives on Wednesday adopted two bills seeking to prevent the concessioning of Ajaokuta steel company by the Executive and voted for the completion of the multi-billion Naira comatose plant. The bills namely, ‘An Act To Provide For The Ajaokuta Steel Company Completion Fund’ and ‘A Bill For An Act To Amend The Public Enterprise […]
The House of Representatives at the weekend resolved to probe the Federal Government’s import duty waivers on sugar granted to some companies between 2013 and now.